NEW ORLEANS - New Orleans City Council Vice President JP Morrell announced his initiative to reform the Comprehensive Zoning Ordinance (CZO) regarding Short Term Rentals (STR).
The move follows yesterday’s Federal Appellate Court ruling that the New Orleans ordinance barring out-of-state owners from possessing “whole home rentals” is considered unconstitutional. The ruling opens the door for investors to buy residential homes and convert them to STRs, which would exacerbate the city’s affordable housing crisis.
“STRs are destroying the fabric of our neighborhoods and pricing people out of their homes, and I am going to tighten regulations to protect our city’s residents and unique culture,” says Council Vice President JP Morrell. “The CZO as it currently stands is severely flawed, with numerous loopholes that out-of-state investors and bad operators continue to exploit to the detriment of our neighborhoods. I made the commitment to our residents and local stakeholders - the people who live and work here - that I would bring our community together to rewrite this flawed legislation, and that’s exactly what I intend on doing. This is our city. It is where we live. New Orleans is not a game of Monopoly for out-of-town real estate investors.”
Read Councilmember Morrell’s campaign platform regarding short term rentals here.
Read more about yesterday’s ruling here.